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Financing and Incentives

Most people starting a business begin by looking for financing but almost all funding sources (except family, friends, and credit cards) will require a business plan first.  Several people who go through the business planning process save themselves thousands of dollars and many headaches by identifying problems before they occur.  After you have a completed business plan, CCEDG will work with you and your local banker to find the most appropriate funding.

Clay County Revolving Loan Fund
The Clay County Revolving Loan Fund provides gap financing which is the difference between the project cost and what you have in capital or borrowed from a bank.  The Revolving Loan is limited to $50,000 or 30% of the project cost.

North Central Regional Planning Commission (NCRPC) Revolving Loan Fund
Local clients are referred to NCRPC by a local bank.  One job must be created or retained for every $50,000 of RLF monies.  Can be used for working capital and fixed assets.  Minimum loan amount of $20,000.  Maximum of $100,000. Minimum 2 to 1 private/RLF leverage.

Clay County Neighborhood Revitalization Program
The Clay County Neighborhood Revitalization Program provides a tax rebate on eligible building projects.

Crowdfunding is a way to test your business idea and raise funds at the same time.  One of the most popular sources is but an internet search for crowdfunding will provide you with other options.

Other Funding Sources

Other funding sources are available depending on the size and needs of the project:

North Central Regional Planning Commission

Network Kansas; Start-up Kansas

Kansas Department of Commerce

USDA Rural Development

Small Business Administration (SBA)

Other Funding Services

The North Central Regional Planning Commission also helps determine which funding program might best fit your particular project and they provide loan packaging assistance.

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